Mask Network Offers Tool for Twitter Token Sales

Key Takeaways

  • Mask Network has introduced a token distribution feature called Initial Twitter Offerings (ITOs).
  • This will allow users to create or participate in token sales directly from Twitter’s social network.
  • Mask Network aims to streamline token sales and eliminate KYC.

Mask Network has introduced a way for users to create and participate in token offerings without having to leave Twitter.

Token Offerings On Twitter

Mask Network’s new feature, Initial Twitter Offerings (ITO), allows participants to run token sales on Twitter. It can be used by new projects, or by existing projects looking for new ways to sell tokens.

The plugin displays a trading interface embedded within Twitter, as shown in the screenshot below:

According to Mask Network, ITOs will bypass the complex requirements needed for traditional Initial Coin Offerings, or ICOs. In particular, ITOs will not require users and investors to go to another trading website or complete a Know-Your-Customer (KYC) process in order to buy the relevant token.

The team adds that the feature is useful for projects that want to raise funds for Ethereum-based altcoins, non-fungible tokens (NFTs), personal tokens and fan donations.

More About Mask Network

Mask Network functions as a Web 3.0 layer that allows decentralized apps to function on top of Web 2.0 social networks such as Twitter.

Previously, the team’s browser plugin introduced trading via Uniswap API, as well as support for fiat onramps through crypto-fiat payment gateway. The plugin also allows investors to hover over ticker symbols on Twitter (such as $ETH) and trade tokens, or send cryptocurrency directly through the social media site.

Mask Network is backed by leading crypto venture capital funds including HashKey, Hash Global, Alameda Research, Sino Global and Balaji Srinivasan.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article